What if all the big banks owned all the bitcoin?

[Bittoshi]

BTC would die if the banks would own all coins. No one could use it and no one could hold them. The coins would be totally worthless.

[CTO@MyBitMine]

What a kid's question? That is impossible for sure. There are so many reasons why. I can tell you one of them - there are a lot of bitcoin holders and they just don't want to sell bitcoins not to government, not to anyone else.
A lot of people wants to hold their bitcoins and expecially not sell it to government.

[Teraboy]

What a kid's question? That is impossible for sure. There are so many reasons why. I can tell you one of them - there are a lot of bitcoin holders and they just don't want to sell bitcoins not to government, not to anyone else.
A lot of people wants to hold their bitcoins and expecially tol sell it to government.

Well, he's just saying "If" despite the chance of bitcoin getting owned by the big banks which really low but there's still a chance, he's just asking how if all the big banks own bitcoin.

if from my opinion, bitcoin will remain decentralized, its system nature which is blockchain is designed to be decentralized at the start, none of us can rule and can't force to take people's money, just the big banks owning big portion of bitcoin and could possibly manipulate the market.

[Iveyalla]

Then what happens is bitcoin market monopoly. Where bigbanks will have full control over price bitcoin also circulations. This could be a global economic disaster.

[PadenoM]

If they own it all they would destroy the market, but will it be profitable for them to own all and loose so much money or make it so rare that the price will rise, good question

[GendalfTheFireRed]

Then the banks will be using it between themselves I guess, because they own all of it. And there will be little reason to buy it from them.

[vipgelsi]

Then there would be nothing to see here and we would switch to another crypto currency that they did not control.

[fedor3327]

Interesting but improbable in the world today.

There would have to be a population reduction to 1 person.

Then that person would have to own the bank!! LOL

[reputation]

i think this will not happen, i know many people plan to hold btc for a very long term, how will they sell their btc to banks as they are not lack of money, unless they became the banks

[carlfebz2]

What would happen if all the big banks bought all the bitcoin?

The system will be owned by bank but it makes sense if the bank is possible to buy all of the bitcoin supply right now, but it seems the bank are not interested to buy the bitcoin because they are thinking the bitcoin just useless

They wont do such thing.If they would buy all bitcoin and the community doesn't able to make use of it then its pointless.It would easily die since there no circulation happening on it and besides its an impossible thing to happen to accumulate all supply knowing that theres only limited and not totally mined for now.They can be possibly be a whale but not totally could able to control all over it.

[puremage111]

Technically it is impossible because if all the supply goes to Big banks, it would back to centralized again as they will be the major holder

If and really if they hold, guess everything will be same as the current Fiat situation except notes will be limited and not reissue-able

[stripykitteh]

BTC would die if the banks would own all coins. No one could use it and no one could hold them. The coins would be totally worthless.

If all big banks owned all btc then there wouldn't be any need for the people to purchase Bitcoin from them. Someone can just make their own cryptocurrency at that point.